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Re: FeMike post# 522811

Tuesday, 10/18/2022 12:07:07 PM

Tuesday, October 18, 2022 12:07:07 PM

Post# of 822425
No one is selling . . . HA HA
These are the big time thugs at it again maneuvering the bid and ask prices to drive the price lower.
At the end of the day few if any shares have been exchanged.
They use to do this with several thugs colluding together.
A buys from B
Then B buys from C
Then C sells to A they are all back to the same number of shares or perhaps naked shares . . . they don't even need real shares.
Now a days they don't even need colluders. They just do it with software the create phony colluders and traded phony shares to drive the price lower.
It cost Knight Capital hundreds of millions in an afternoon due to a bug in this type of trading manipulation software
https://www.henricodolfing.com/2019/06/project-failure-case-study-knight-capital.html

Power Peg Software

The new RLP code in SMARS replaced some unused code in the relevant portion of the order router; the old code previously had been used for an order algorithm called “Power Peg,” which Knight had stopped using since 2003. Power Peg was a test program that bought high and sold low; it was specifically designed to move stock prices higher and lower in order to verify the behavior of its other proprietary trading algorithms in a controlled environment. It was not to be used in the live, production environment.




https://archive.nytimes.com/dealbook.nytimes.com/2012/08/02/knight-capital-says-trading-mishap-cost-it-440-million/

Men who are occupied in the restoration of health to other men, by the joint exertion of skill and humanity, are above all the great of the earth. They even partake of divinity, since to preserve and renew is almost as noble as to create.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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